BLOGS: Womble Carlyle Economic Development Digest

Friday, March 21, 2014, 12:47 PM

The Womble Carlyle Economic Development Digest - March 21, 2014

Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States.

In this week's Economic Development Digest:

National
  • Tax foundation publishes summary of 2014 state, local tax rates, TaxAnalysts.com (March 1, 2014)**
    The Tax Foundation published a report summarizing state and average local sales tax rates for 2014, reporting that Tennessee, Arkansas, Louisiana, Washington, and Oklahoma have the highest average combined rates, and noting that comparing state sales taxes is difficult because states apply different rates to different bases and sales taxes should be considered in context of a state's overall tax structure.
North Carolina
South Carolina
Virginia
  • Virginia allows property tax exemption for solar energy equipment, facilities, TaxAnalysts.com (March 17, 2014)**
    Virginia SB 418, signed into law as Chapter 259, includes business-owned or business-operated solar energy equipment, facilities, and devices that collect, generate, transfer, or store thermal or electrical energy in a class of pollution control equipment exempted from real and personal property tax.

**Note: a paid subscription is required to access this article. A brief description has been provided. Please contact Womble Carlyle’s Economic Development Team for more information on these developments.

Womble Carlyle's Economic Development Team helps clients explore opportunities for locating or expanding operations in the Southeast and Mid-Atlantic U.S. Our Economic Development Team combines a thorough working knowledge of economic development incentives; land use and siting procedures; and regulatory matters at the state, county and local levels, drawing on strong relationships built over many years with key governmental and civic leaders. For more information visit www.wcsr.com/Practices/Economic-Development.

If you have any questions about this Economic Development Digest, please e-mail EconDigest@wcsr.com or contact any member of Womble Carlyle's Economic Development Team.

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Tuesday, March 11, 2014, 2:01 PM

The Womble Carlyle Economic Development Digest - March 10, 2014

Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States.

In this week's Economic Development Digest:

California
  • California adopts emergency California competes tax credit regs, TaxAnalysts.com (February 20, 2014)**
    The California Governor's Office of Business and Economic Development has adopted emergency regulations to implement the California Competes Tax Credit program that provides income tax credits for businesses that relocate and expand in the state.
  • Israel and California sign R&D agreement, Globes (March 6, 2014)
    Prime Minister Benjamin Netanyahu and California Governor Jerry Brown have signed a Memorandum of Understanding (MOU) for R&D cooperation between Israel and California.
Florida
North Carolina
  • North Carolina Justice Center discourages switch to single-sales-factor apportionment, TaxAnalysts.com (March 1, 2014)**
    The North Carolina Justice Center has released a report discouraging the legislature from adopting a single-sales-factor apportionment formula for corporate income tax because it will put smaller North Carolina businesses at a competitive disadvantage, reduce public revenue, shift the tax burden to individuals, and fail to spur job creation.
South Carolina
Virginia
  • McAuliffe bill helps The Falls project, Tricities.com (February 28, 2014)
    Virginia works hard to not lose development to Tennessee, with an immediate focus on development in Bristol, Virginia.

**Note: a paid subscription is required to access this article. A brief description has been provided. Please contact Womble Carlyle’s Economic Development Team for more information on these developments.

Womble Carlyle's Economic Development Team helps clients explore opportunities for locating or expanding operations in the Southeast and Mid-Atlantic U.S. Our Economic Development Team combines a thorough working knowledge of economic development incentives; land use and siting procedures; and regulatory matters at the state, county and local levels, drawing on strong relationships built over many years with key governmental and civic leaders. For more information visit www.wcsr.com/economicdevelopment.

If you have any questions about this Economic Development Digest, please e-mail EconDigest@wcsr.com or contact any member of Womble Carlyle's Economic Development Team.

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Monday, March 3, 2014, 10:59 AM

The Womble Carlyle Economic Development Digest - March 3, 2014

Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States.

In this week's Economic Development Digest:

District of Columbia
Florida
Georgia
Maryland
  • COST Opposes Maryland Bill to Require Mandatory Unitary Combined Reporting, TaxAnalysts.com (February 25, 2014)**
    In written testimony to the Maryland House Ways and Means Committee, Fred Nicely of the Council On State Taxation expressed opposition to a proposed bill (HB 887) that would require mandatory unitary combined reporting, saying it would have an unpredictable effect on revenue and could reduce jobs, set Maryland apart from its neighboring states, create an administrative burden, and distort the amount of income earned in different states.
  • Gansler jobs plan heavy on manufacturing, high-tech, Baltimore Business Journal (February 27, 2014)
    The Attorney General of Maryland unveils his jobs plan for Maryland, which includes increasing exports and commercializing more discoveries from Maryland universities.
North Carolina
  • If we're going to outsource, let's get it right first, Star-News, Inc. (February 26, 2014)
    North Carolina State Representative Susi Hamilton likes the concept of enlisting the help of private enterprise to help recruit businesses to North Carolina, but she questions the use of taxpayer’s money in such a public-private organization without a stronger plan for raising the private funds that are to be part of the overall package.
South Carolina
Texas
Virginia
  • Stabilize Port for Economy's Sake, The Virginian-Pilot Edition (February 27, 2014)
    The Port of Virginia experiences an increase in business, as measured by container volume, with resulting positive impacts in Virginia.
  • Over there, Virginia Business (February 28, 2014 )
    Why is Virginia one of the nation’s leading recipients of federal spending?
  • Ammo for the enemyNewsbank, Inc. (February 28, 2014)
    Do ethical issues in states impact economic development efforts?

**Note: a paid subscription is required to access this article. A brief description has been provided. Please contact Womble Carlyle’s Economic Development Team for more information on these developments.

Womble Carlyle's Economic Development Team helps clients explore opportunities for locating or expanding operations in the Southeast and Mid-Atlantic U.S. Our Economic Development Team combines a thorough working knowledge of economic development incentives; land use and siting procedures; and regulatory matters at the state, county and local levels, drawing on strong relationships built over many years with key governmental and civic leaders. For more information visit www.wcsr.com/economicdevelopment.

If you have any questions about this Economic Development Digest, please e-mail EconDigest@wcsr.com or contact any member of Womble Carlyle's Economic Development Team.

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